Tuesday December 1, 2020

Belmayne's once 'gorgeous living' taken over by Nama

Belmayne, the giant housing development in north Dublin which was launched with a controversial advertising campaign, has collapsed into receivership with debts of €150 million.

13th April, 2013
Belmayne, what was to have been a €1.2 billion housing development on the Malahide Road in Dublin. Photo: Nick Bradshaw

Belmayne, the giant housing development in north Dublin which was launched with a controversial advertising campaign, has collapsed into receivership with debts of €150 million.

The National Asset Management Agency (Nama) has installed receivers over the development, taking possession of 140 apartments and a string of sites earmarked for further development.

Nama's Anne O'Dwyer and Pat Brennan of RSM Grant Farrell Sparks took over Belmayne Ireland Limited, which had ambitious plans to turn the north Dublin...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 11 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago